|Day Low/High||53.66 / 54.22|
|52 Wk Low/High||40.43 / 62.75|
Global stocks rebounded modestly Wednesday, as new moves to support the Chinese economy boosted markets in Asia and solid corporate profits lifted Europe shares higher at the opening bell, but investors remain sensitive to the U.S. earnings story amid signs of a slowing world economy and rising equity volatility ahead of some key tech-sector reports later this week.
It pays to be in fashion, or so it seems.
Hermes International traded higher Thursday after a strong set of first-quarter earnings that added to the gaining momentum of the luxury sector that has seen many houses report double-digit growth.
Kering shares hit an all-time high on Wednesday in Paris after the French luxury goods house reported a record performance in the first three months of the year.
The maker of Fendi fashions and Hennessy cognac posted posted a 15% increase in first-quarter sales easily beating analyst expectations.
After a torrid three years, jewelry retailers appear to be striking gold again in Hong Kong.
Kering shares surged to the top of the CAC 40 on Friday after Gucci and Saint Laurent sales helped deliver its strongest annual growth in five years.
European stocks traded higher Friday after much better-than-expected trade data from China boosted economic sentiment and comments from President Donald Trump suggest imminent tax reform in the world's biggest economy.
China sees full-year GDP grow at its slowest rate in more than a quarter of a century.
Kering, LVMH and Hermes could benefit from accelerated sales if Chinese growth stays on course.
The luxury division enjoys its best quarterly performance in three years, helped by a rise in online sales.
U.K. lender Lloyds falls after a third-quarter profit miss, while luxury goods maker Kering surges.
LVMH props up luxury goods makers and sees shares rise more than 4%.
Luxury goods makers LVMH and Kering, and retailers Marks & Spencer and Sainsbury rise.
More investors think luxury retailer is undervalued, Credit Suisse analysts say.
Indices shrug off news of slowing GDP growth in both the U.S. and eurozone.
GDP growth in the eurozone slowed in the second quarter.
First-half profit is in line with expectations, while sales grow more than expected in the same period.
Shell pulls up the FTSE 100 on new cost-cutting plans.
Trading volumes were low in runup to U.K. holiday weekend.
The luxury-goods maker has its work cut out with its two top brands.
The German carmaker makes the disclosure alongside news of an 8.5% decline in quarterly earnings.
European markets seem to have caught a second-quarter cold, shrugging off a better-than-expected purchasing managers index result from China to focus instead on poor figures from Japan.
European markets are mixed Friday, with the London benchmark inching higher.
European markets were higher Tuesday as they rebounded from a five-session losing streak, buoyed by big-ticket deal news out of the U.K. and some strong results.
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